Post by emma on Apr 8, 2009 9:40:06 GMT
www.theaustralian.news.com.au/story/0,25197,25308168-12377,00.html
KURT Cobain's estate has lost all the money left to his widow Courtney Love and their child, Frances Bean.
Investigators, forensic accountants and lawyers hired by Love found that the Nirvana singer's estate had lost more than $45 million cash and up to $705 million in real estate, the New York Post reports.
"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Love's lawyer, Rhonda J. Holmes, of Gordon & Holmes in San Diego, told the paper.
"We will be filing civil cases ... within the next 30 days.
"There are many, many millions missing. We've only been able to track down $US30 million, but there is more.
"And then there is the real estate."
Bank accounts using Cobain, Love and Frances Bean's Social Security numbers were set up and used to buy and sell real estate across the US, Holmes alleges.
"There is now a web of homes which were bought, flipped and used to launder money - up to $US500 million worth," Holmes said. "Any of the property we can get back will be donated to people who have lost their homes in foreclosures."
Holmes said that Love only noticed the money was gone when there wasn't any left.
KURT Cobain's estate has lost all the money left to his widow Courtney Love and their child, Frances Bean.
Investigators, forensic accountants and lawyers hired by Love found that the Nirvana singer's estate had lost more than $45 million cash and up to $705 million in real estate, the New York Post reports.
"I have never seen such greed and moral turpitude. This case is going to make Bernard Madoff look warm and fuzzy," Love's lawyer, Rhonda J. Holmes, of Gordon & Holmes in San Diego, told the paper.
"We will be filing civil cases ... within the next 30 days.
"There are many, many millions missing. We've only been able to track down $US30 million, but there is more.
"And then there is the real estate."
Bank accounts using Cobain, Love and Frances Bean's Social Security numbers were set up and used to buy and sell real estate across the US, Holmes alleges.
"There is now a web of homes which were bought, flipped and used to launder money - up to $US500 million worth," Holmes said. "Any of the property we can get back will be donated to people who have lost their homes in foreclosures."
Holmes said that Love only noticed the money was gone when there wasn't any left.